Trumpconomics 101

**Magical Realist** · (This post was last modified: May 2, 2025 01:49 AM by Magical Realist.)

"It's all Biden's fault. And next quarter will be his fault too."

"Donald Trump has happily taken credit for the stock market’s success in the past but suddenly can’t explain the market’s current second-quarter downturn, weeks after his roller-coaster tariff proposals rattled the economy.

“You frequently took credit for the stock market highs, you said it was a reflection of how well you were doing in the polls,” said The Independent’s Andrew Feinberg at a White House Cabinet meeting Wednesday. “And then after you were elected, you said the stock market highs were a reflection of how well the transition was going and the American people’s confidence in your upcoming administration.”

“Now the stock markets are not doing so well, and you’re saying it’s the Biden stock market. Yet you are the president. Can you explain that?” asked Feinberg.

But Trump couldn’t.

“I’m not taking credit or discredit for the stock market,” Trump said, before again diverting blame toward the Biden administration.

“I’m just saying that we inherited a mess,” he said, referring to immigration as an example.

**Syne** · May 2, 2025 03:21 AM

The stock market is also reflected in the global economy... which isn't currently buying enough goods from China to offset US tariffs. Tariff don't work if the target has alternative markets. I would prefer Trump frame tariffs against allies as "secondary tariffs" against China, Russia, Iran, etc., instead of the shotgun approach. But I'll wait to see the final result, as more free trade could still be achieved... and human rights violators isolated.

**confused2** · May 3, 2025 03:48 AM

The OP Wrote:“Now the stock markets are not doing so well, and you’re saying it’s the Biden stock market. Yet you are the president. Can you explain that?” asked Feinberg.
But Trump couldn’t.

When the book is written I expect Trump to be recognized not only for charisma but also as one of the greatest confidence tricksters of all time.
Of particular interest (to me) is..
Either one of the world's greatest confidence tricksters pulled off a con in St. Peter’s Basilica when he (metaphorically) fucked Zelensky or he didn't. Either way it looks (to me) like Putin has lost a key ally in his bid to take control of Ukraine.

**Syne** · May 3, 2025 04:09 AM

You can't lose something you never had, but I don't expect the TDS sufferers to understand that.